ConEd plans 28 new substations by 2035

finance.yahoo.com · 2026-08-12

The New York-based utility company is pursuing growth through electrification, in alignment with city and state climate policies, it said last week.

TickrTrends take: ConEd's capital plan to construct 28 new substations reflects infrastructure investment demands that typically require sustained revenue growth to justify expansion costs. For a utility valued as fairly priced, investors should monitor whether the company can achieve sufficient rate base returns on these substantial capital expenditures, as cost overruns or regulatory delays could pressure future earnings. The success of this infrastructure buildout will be a key factor in determining whether the current valuation appropriately reflects ConEd's long-term earning power.

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